Key Facts

In this regard, VSSC has issued RFQ (request for quotation) inviting multiple qualified companies or start-ups to use its power storage technology to produce range of Li ion cells for many purposes, mainly EVs or electric vehicles. The transfer of ISRO’s technology will help in establishing production facilities in the country that can produce cells of varying size, capacity, energy density and power density catering to entire spectrum of power storage requirements of electric vehicles (EVs).

Background

Presently, lithium-ion battery is the most dominant battery system finding applications for variety of societal needs including handy consumer electronics goods such as mobile phones, laptops, cameras and many other portable consumer gadgets apart from industrial applications and aerospace. Most of the current domestic demand is met by batteries imported from China, South Korea and Taiwan. The Li ion cell production initiative is part of Central Government’s plan to achieve 100% EVs in the country by 2030.